The Securities Commission has granted an application by an issuer for an order to cease being a reporting issuer under applicable securities laws. The issuer, incorporated under the Business Corporations Act (British Columbia), is not an OTC reporting issuer and its securities are owned by fewer than 15 security holders in each jurisdiction in Canada and fewer than 51 worldwide. Its securities are not traded on any public market in Canada or internationally. The issuer has not filed certain required continuous disclosure documents but is not in default of other securities legislation. The order is supported by the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii). The decision is based on the issuer meeting the necessary criteria and is consistent with the test set out in the legislation.
